#Whale Sells SOL, Pockets Millions in Profit#
Hot Topic Overview
Overview
Recently, a whale account, 7qw9C...NbSZL, is suspected of reducing its holdings of SOL accumulated 8 months ago. It deposited 50,227 SOL, worth approximately $9.4 million, to Kraken exchange 8 hours ago. If this whale sells these SOL, it is expected to profit $1.227 million. It is reported that the whale withdrew 86,777 SOL from Kraken and Coinbase between June and July 2024 at an average price of $162.72, and has deposited 81,227 SOL to the exchange in the past three weeks, accumulating a profit of $2.326 million.
Ace Hot Topic Analysis
Analysis
Recently, a whale has been suspected of reducing its holdings of SOL, which it had accumulated over the past 8 months. 8 hours ago, the whale deposited 50,227 SOL into the Kraken exchange, valued at approximately $9.4 million. If this whale decides to sell these SOL, it is estimated that they will make a profit of $1.227 million. According to reports, this whale withdrew 86,777 SOL from Kraken and Coinbase exchanges between June and July 2024 at an average price of $162.72. Over the past three weeks, the whale has deposited a total of 81,227 SOL into exchanges, generating a cumulative profit of approximately $2.326 million. This move has sparked speculation in the market regarding the future price trend of SOL. Some analysts believe that the whale's reduction in holdings could indicate that SOL prices may face downward pressure in the short term.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Giant whale reduces SOL holdings, profiting millions of dollars
The whale had accumulated SOL at a lower price eight months ago
The whale recently deposited SOL to the exchange, suspected to be preparing to sell
The whale's reduction in holdings may have a negative impact on SOL price